Weyerhaeuser Co (WY) financial statements: income statement, balance sheet and cash flow

Weyerhaeuser Co's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Weyerhaeuser Co reported revenue of $6.9B (-3.1% year on year) and net income of $324.0M (-18.2% year on year).

Income statement

Weyerhaeuser Co income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net sales (Note 3)	$6.9B	$7.1B	$7.7B	$10.2B
Costs of sales	$5.9B	$5.8B	$6.0B	$6.6B
Gross margin	$1.0B	$1.3B	$1.7B	$3.6B
Selling expenses	$92.0M	$88.0M	$87.0M	$93.0M
General and administrative expenses	$453.0M	$480.0M	$431.0M	$398.0M
Gain on sale of timberlands (Note 4)	($266.0M)	$0	($84.0M)	$0
Other operating costs, net (Note 17)	$15.0M	$60.0M	$62.0M	$49.0M
Operating income	$731.0M	$685.0M	$1.2B	$3.1B
Non-operating pension and other post-employment benefit costs (Note 8)	($220.0M)	($42.0M)	($45.0M)	($254.0M)
Interest income and other	$22.0M	$53.0M	$76.0M	$25.0M
Interest expense, net of capitalized interest	($273.0M)	($269.0M)	($280.0M)	($270.0M)
Earnings before income taxes	$260.0M	$427.0M	$937.0M	$2.3B
Income taxes (Note 18)	$64.0M	($31.0M)	($98.0M)	($425.0M)
Net earnings	$324.0M	$396.0M	$839.0M	$1.9B
Basic	$0.45	$0.54	$1.15	$2.53
Diluted	$0.45	$0.54	$1.15	$2.53
Basic	723.2M	728.4M	731.7M	741.9M
Diluted	723.6M	729.0M	732.2M	743.0M

Weyerhaeuser Co income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Net sales (Note 3)	$1.9B	$1.7B	$1.7B	$1.9B
Costs of sales	$1.6B	$1.4B	$1.5B	$1.6B
Gross margin	$311.0M	$318.0M	$204.0M	$325.0M
Selling expenses	$24.0M	$23.0M	$23.0M	$23.0M
General and administrative expenses	$115.0M	$119.0M	$107.0M	$114.0M
Gain on sale of timberlands (Note 15)	($71.0M)	($58.0M)	—	—
Other operating costs, net (Note 13)	$20.0M	($13.0M)	($49.0M)	$10.0M
Operating income	$223.0M	$247.0M	$123.0M	$178.0M
Non-operating pension and other post-employment benefit costs (Note 6)	($14.0M)	($14.0M)	($19.0M)	($19.0M)
Interest income and other	$4.0M	$4.0M	$6.0M	$6.0M
Interest expense, net of capitalized interest	($66.0M)	($66.0M)	($71.0M)	($66.0M)
Earnings before income taxes	$147.0M	$171.0M	$39.0M	$99.0M
Income taxes (Note 14)	$15.0M	($15.0M)	$41.0M	($12.0M)
Net earnings	$162.0M	$156.0M	$80.0M	$87.0M
Earnings per share, basic (Note 4)	$0.23	$0.22	$0.11	$0.12
Earnings per share, diluted (Note 4)	$0.23	$0.22	$0.11	$0.12
Basic	721.4M	721.3M	721.6M	723.7M
Diluted	721.9M	721.7M	722.0M	723.9M

Balance sheet

Weyerhaeuser Co balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$464.0M	$684.0M	$1.2B	$1.6B
Receivables, net	$303.0M	$306.0M	$354.0M	$357.0M
Receivables for taxes	$10.0M	$9.0M	$10.0M	$42.0M
Inventories (Note 6)	$593.0M	$607.0M	$566.0M	$550.0M
Assets held for sale (Note 4)	$128.0M	—	—	—
Prepaid expenses and other current assets	$154.0M	$142.0M	$219.0M	$216.0M
Total current assets	$1.7B	$1.7B	$2.3B	$2.7B
Property and equipment, net (Note 7)	$2.4B	$2.3B	$2.3B	$2.2B
Construction in progress	$337.0M	$287.0M	$270.0M	$222.0M
Timber and timberlands at cost, less depletion	$11.5B	$11.6B	$11.5B	$11.6B
Minerals and mineral rights, less depletion	$177.0M	$189.0M	$200.0M	$214.0M
Deferred tax assets (Note 18)	$97.0M	$24.0M	$15.0M	$8.0M
Other assets	$397.0M	$408.0M	$388.0M	$375.0M
Total assets	$16.6B	$16.5B	$17.0B	$17.3B
Current maturities of long-term debt (Notes 11 and 12)	$522.0M	$210.0M	$0	$982.0M
Accounts payable	$278.0M	$255.0M	$287.0M	$247.0M
Accrued liabilities (Note 9)	$478.0M	$512.0M	$501.0M	$511.0M
Total current liabilities	$1.3B	$977.0M	$788.0M	$1.7B
Long-term debt, net (Notes 11 and 12)	$5.0B	$4.9B	$5.1B	$4.1B
Deferred tax liabilities (Note 18)	$18.0M	$26.0M	$81.0M	$96.0M
Deferred pension and other post-employment benefits (Note 8)	$485.0M	$596.0M	$461.0M	$344.0M
Other liabilities	$356.0M	$350.0M	$348.0M	$340.0M
Total liabilities	$7.2B	$6.8B	$6.7B	$6.6B
Common shares: $1.25 par value; authorized 1,360 million shares; issued and outstanding: 720,531 thousand shares at December 31, 2025 and 725,845 thousand shares at December 31, 2024	901.0M	908.0M	912.0M	916.0M
Other capital	$7.4B	$7.5B	$7.6B	$7.7B
Retained earnings	$1.4B	$1.7B	$2.0B	$2.4B
Accumulated other comprehensive loss (Note 14)	($293.0M)	($402.0M)	($293.0M)	($247.0M)
Total equity	$9.4B	$9.7B	$10.2B	$10.7B
Total liabilities and equity	$16.6B	$16.5B	$17.0B	$17.3B

Weyerhaeuser Co balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$527.0M	$299.0M	$401.0M	$592.0M
Receivables, net	$373.0M	$396.0M	$353.0M	$369.0M
Receivables for taxes	$5.0M	$8.0M	$8.0M	$9.0M
Inventories (Note 5)	$604.0M	$659.0M	$588.0M	$610.0M
Assets held for sale	$0	$0	$141.0M	—
Prepaid expenses and other current assets	$127.0M	$141.0M	$121.0M	$178.0M
Total current assets	$1.6B	$1.5B	$1.6B	$1.8B
Property and equipment, less accumulated depreciation of $4,248 and $4,158	$2.4B	$2.4B	$2.3B	$2.3B
Construction in progress	$423.0M	$397.0M	$360.0M	$316.0M
Timber and timberlands at cost, less depletion	$11.4B	$11.5B	$11.7B	$11.5B
Minerals and mineral rights, less depletion	$173.0M	$176.0M	$180.0M	$184.0M
Deferred tax assets	$113.0M	$91.0M	$62.0M	$23.0M
Other assets	$379.0M	$383.0M	$413.0M	$424.0M
Total assets	$16.5B	$16.4B	$16.7B	$16.5B
Current maturities of long-term debt (Note 8)	$122.0M	$372.0M	$522.0M	$900.0M
Accounts payable	$311.0M	$284.0M	$280.0M	$283.0M
Accrued liabilities (Note 7)	$468.0M	$404.0M	$512.0M	$511.0M
Total current liabilities	$901.0M	$1.1B	$1.3B	$1.7B
Long-term debt, net (Note 8)	$5.3B	$5.1B	$4.9B	$4.3B
Deferred tax liabilities	$15.0M	$15.0M	$14.0M	$37.0M
Deferred pension and other post-employment benefits (Note 6)	$486.0M	$484.0M	$613.0M	$609.0M
Other liabilities	$352.0M	$351.0M	$341.0M	$346.0M
Total liabilities	$7.1B	$7.0B	$7.2B	$7.0B
Common shares: $1.25 par value; authorized 1,360 million shares; issued and outstanding: 720,692 thousand shares at June 30, 2026 and 720,531 thousand shares at December 31, 2025	901.0M	901.0M	902.0M	903.0M
Other capital	$7.4B	$7.4B	$7.4B	$7.4B
Retained earnings	$1.4B	$1.4B	$1.5B	$1.6B
Accumulated other comprehensive loss (Note 11)	($279.0M)	($284.0M)	($355.0M)	($356.0M)
Total equity	$9.5B	$9.4B	$9.4B	$9.5B
Total liabilities and equity	$16.5B	$16.4B	$16.7B	$16.5B

Cash flow statement

Weyerhaeuser Co cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net earnings	$324.0M	$396.0M	$839.0M	$1.9B
Depreciation, depletion and amortization	$509.0M	$502.0M	$500.0M	$480.0M
Basis of real estate sold	$84.0M	$120.0M	$93.0M	$84.0M
Deferred income taxes, net (Note 18)	($114.0M)	($40.0M)	—	—
Pension and other post-employment benefits (Note 8)	$239.0M	$63.0M	$68.0M	$290.0M
Share-based compensation expense (Note 15)	$43.0M	$43.0M	$36.0M	$33.0M
Gain on lumber mill sale (Note 20)	($29.0M)	—	—	—
Gain on sale of timberlands (Note 4)	($266.0M)	$0	($84.0M)	$0
Other	$7.0M	$2.0M	($6.0M)	—
Receivables, net	$14.0M	$45.0M	$4.0M	$149.0M
Receivables and payables for taxes	($20.0M)	$14.0M	$41.0M	($101.0M)
Inventories	$0	($55.0M)	($13.0M)	($37.0M)
Prepaid expenses and other current assets	$11.0M	$19.0M	($13.0M)	($12.0M)
Accounts payable and accrued liabilities	$11.0M	($38.0M)	$35.0M	($111.0M)
Pension and post-employment benefit contributions and payments (Note 8)	($219.0M)	($18.0M)	($20.0M)	($24.0M)
Other	($32.0M)	($45.0M)	($47.0M)	($45.0M)
Net cash from operations	$562.0M	$1.0B	$1.4B	$2.8B
Capital expenditures for property and equipment	($423.0M)	($364.0M)	($390.0M)	($415.0M)
Capital expenditures for timberlands reforestation	($51.0M)	($52.0M)	($57.0M)	($53.0M)
Acquisition of timberlands (Note 4)	($469.0M)	($251.0M)	($233.0M)	($295.0M)
Proceeds from lumber mill sale (Note 20)	$61.0M	—	—	—
Proceeds from sale of timberlands (Note 4)	$405.0M	$0	$166.0M	$0
Purchase of short-term investments	$0	$0	($664.0M)	—
Maturities of short-term investments	$0	$0	$664.0M	—
Other	$2.0M	$31.0M	$6.0M	$4.0M
Net cash from investing activities	($475.0M)	($636.0M)	($508.0M)	($759.0M)
Cash dividends on common shares	-606.0M	-684.0M	-1.2B	-1.6B
Net proceeds from issuance of long-term debt (Note 11)	$1.2B	$0	$992.0M	$881.0M
Payments on long-term debt (Note 11)	($712.0M)	$0	($978.0M)	($1.2B)
Repurchases of common shares (Note 14)	-160.0M	-154.0M	-131.0M	-543.0M
Other	($11.0M)	($14.0M)	($9.0M)	($25.0M)
Net cash from financing activities	($290.0M)	($852.0M)	($1.3B)	($2.5B)
Net change in cash, cash equivalents and restricted cash	($203.0M)	($480.0M)	($417.0M)	($418.0M)
Cash, cash equivalents and restricted cash at beginning of year	$684.0M	$1.2B	$1.6B	$2.0B
Cash, cash equivalents and restricted cash at end of year	$481.0M	$684.0M	$1.2B	$1.6B
Interest, net of amounts capitalized of $11 in 2025, $10 in 2024 and $7 in 2023	$272.0M	$259.0M	$283.0M	$283.0M
Income taxes, net of refunds	$67.0M	$60.0M	$63.0M	$566.0M

Weyerhaeuser Co cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net earnings	$318.0M	$156.0M	$250.0M	$170.0M
Depreciation, depletion and amortization	$251.0M	$124.0M	$380.0M	$250.0M
Basis of acres sold	$54.0M	$23.0M	$76.0M	$57.0M
Deferred income taxes, net	($25.0M)	$1.0M	($61.0M)	—
Pension and other post-employment benefits (Note 6)	$37.0M	$18.0M	$71.0M	$47.0M
Share-based compensation expense (Note 12)	$23.0M	$13.0M	$32.0M	$23.0M
Gain on sale of timberlands (Note 15)	($129.0M)	($58.0M)	—	—
Other	$1.0M	$1.0M	$3.0M	$4.0M
Receivables, net	($83.0M)	($94.0M)	($37.0M)	($66.0M)
Receivables and payables for taxes	$14.0M	$1.0M	($12.0M)	($16.0M)
Inventories	($14.0M)	($68.0M)	$4.0M	($13.0M)
Prepaid expenses and other current assets	$4.0M	$2.0M	$9.0M	$17.0M
Accounts payable and accrued liabilities	$17.0M	($66.0M)	$41.0M	$39.0M
Pension and post-employment benefit contributions and payments	($9.0M)	($5.0M)	($13.0M)	($6.0M)
Other	($8.0M)	$4.0M	($38.0M)	($40.0M)
Net cash from operations	$451.0M	$52.0M	$676.0M	$466.0M
Capital expenditures for property and equipment	($220.0M)	($89.0M)	($288.0M)	($170.0M)
Capital expenditures for timberlands reforestation	($31.0M)	($23.0M)	($37.0M)	($30.0M)
Proceeds from sale of timberlands (Note 15)	$306.0M	$192.0M	—	—
Proceeds from lumber mill sale (Note 16)	$22.0M	—	$61.0M	—
Other	($3.0M)	$1.0M	$1.0M	($3.0M)
Net cash from investing activities	$74.0M	$81.0M	($729.0M)	($208.0M)
Cash dividends on common shares	-303.0M	-151.0M	-454.0M	-304.0M
Net proceeds from issuance of long-term debt (Note 8)	$0	$0	$1.1B	$299.0M
Net Proceeds from issuance of commercial paper (Note 8)	$331.0M	—	—	—
Payments on long-term debt (Note 8)	($400.0M)	($150.0M)	($712.0M)	($210.0M)
Payments on commercial paper (Note 8)	($81.0M)	—	—	—
Repurchases of common shares (Note 4)	-20.0M	-10.0M	-150.0M	-125.0M
Other	($6.0M)	($4.0M)	($12.0M)	($10.0M)
Net cash from financing activities	($479.0M)	($315.0M)	($230.0M)	($350.0M)
Net change in cash, cash equivalents and restricted cash	$46.0M	($182.0M)	($283.0M)	($92.0M)
Cash, cash equivalents and restricted cash at beginning of period	$481.0M	$481.0M	$684.0M	$684.0M
Cash, cash equivalents and restricted cash at end of period	$527.0M	$299.0M	$401.0M	$592.0M
Interest, net of amount capitalized of $3 and $3	$133.0M	$60.0M	$201.0M	$132.0M
Income taxes, net of refunds	$13.0M	$13.0M	$61.0M	$40.0M

Weyerhaeuser Co score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.